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Adviser Profile

As of Date 05/07/2024
Adviser Type - Large advisory firm
Number of Employees 273 4.20%
of those in investment advisory functions 127 9.48%
Registration SEC, Approved, 3/30/2012

Client Types

- Pooled investment vehicles
- Insurance companies

Advisory Activities

- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
14B 12B 10B 8B 6B 4B 2B
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count112 GAV$14,386,717,489

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Brochure Summary

Overview

Riverside Partners, L.L.C. the registered investment adviser, is a Delaware limited liability company. Riverside Partners and its affiliates (d/b/a The Riverside Company and referred collectively herein as “Riverside” and/or “Adviser” or “Advisers” where context permits) provide investment advisory services to investment funds privately offered to qualified investors in the United States and elsewhere and a limited number of separately managed accounts, including those managed by Riverside’s affiliated investment advisers such as Riverside Europe Partners, LLC and Riverside Asia Partners, LLC (“Relying Advisers”). Such affiliates are currently and would typically be under common control with Riverside Partners and possess a substantial identity of personnel and/or equity owners in common with Riverside Partners. These affiliates have been and may in the future be formed for tax, regulatory or other purposes in connection with the organization of the Funds. One or more of these affiliates currently serve as the general partners of the Funds. The Relying Advisers and general partners of the Funds are subject to the Advisers Act pursuant to Riverside Partners’ registration, in accordance with SEC guidance. The Advisers provide investment supervisory services to the clients listed below, and to co- investment vehicles (“Co-Invest Fund” or “Co-Invest Funds”) (the clients below and the Co- Invest Funds are collectively referred to in this Brochure as “Funds”):
• Riverside Capital Appreciation Fund V, L.P. and Riverside Capital Appreciation Fund V- A, L.P. (collectively, “RCAF V”);
• Riverside Capital Appreciation Fund VI, L.P.; Riverside Capital Appreciation Fund VI-A, L.P.; RCAF VI AIV II, L.P.; RCAF VI AIV I-A, L.P.; and RCAF VI AIV I-B, L.P. (collectively “RCAF VI”);
• Riverside Capital Appreciation Fund VII, L.P.; Riverside Capital Appreciation Fund VII- A, L.P.; and RCAF VII AIV I, L.P.(collectively “RCAF VII”);
• Riverside Micro-Cap Fund I, L.P. (“RMCF I”);
• Riverside Micro-Cap Fund II, L.P. (“RMCF II”);
• Riverside Micro-Cap Fund III, L.P. (“RMCF III”);
• Riverside Micro-Cap Fund IV, L.P.; Riverside Micro-Cap Fund IV-A, L.P.; and RMCF IV AIV I, L.P. (collectively “RMCF IV”);
• Riverside Micro-Cap Fund IV B, L.P.; Riverside Micro-Cap Fund IV B A, L.P.; and RMCF IV B AIV I, L.P. (collectively “RMCF IV B”);
• Riverside Micro-Cap Fund V, L.P.; Riverside Micro-Cap Fund V-A, L.P.; and RMCF V AIV I, L.P. (collectively “RMCF V”);
• Riverside Micro-Cap Fund VI, L.P.; Riverside Micro-Cap Fund VI-A, L.P.; and RMCF VI AIV I, L.P. (collectively “RMCF VI”);
• Riverside Strategic Capital Fund I, L.P. and Riverside Strategic Capital Fund I-A, L.P. (collectively “RSCF I”);
• Two separate managed accounts that invest in parallel with RSCF I;
• Riverside Asia-Pacific Fund II, L.P. (“RAF II”);
• Riverside Australia Fund III, L.P. and its feeder funds, including Riverside Australia Fund III Feeder Trust (“RAF III”);
• Riverside Australia Fund IV, L.P. and its feeder funds, including Riverside Australia Fund IV Feeder Trust (“RAF IV”);
• RAF EE, L.P. (“RAF EE”);
• Riverside Europe Fund IV, L.P. (“REF IV”);
• Riverside Europe Fund V, L.P. (“REF V”);
• Riverside Europe Fund VI, SCSp (“REF VI”);
• Riverside Europe Fund VII SCSp (“REF VII”);
• REF Fadata, L.P. (“REF Fadata”);
• Riverside Software Lending Fund I, L.P. d/b/a Riverside Acceleration Capital (“RAC I”);
• Riverside Acceleration Capital Fund II, L.P. (“RAC II”);
• RAC Opportunity Fund I, L.P. and RAC Opportunity Fund II, L.P. (collectively,
the “RAC Opportunity Funds”);
• Riverside Credit Solutions Fund I, L.P. (“RCS I”);
• RCS SBIC Fund II, L.P. (“RCS II”);
• Riverside Technology Capital Solutions I, L.P. (“RTCS I”);
• Riverside Technology Capital Solutions II, L.P. (“RTCS II Fund”) and Riverside Technology Capital Solutions II Select, L.P. (“RTCS II Select” and collectively with RTCS II Fund, “RTCS II”);
• Riverside Value Fund I, L.P., Riverside Value Fund I-A, L.P. and RVF I AIV I, L.P. (collectively “RVF I”); and
• RVF LMG, L.P. (“RVF LMG”). The Funds invest through negotiated transactions in operating entities, generally referred to herein as “Portfolio Companies” (and individually as a “Portfolio Company”). The Advisers’ investment advisory services to the Funds consist of identifying and evaluating investment opportunities, typically in the smaller end of the middle market, negotiating the terms of investments, overseeing such investments during the time they are held by a Fund and achieving dispositions for such investments. Riverside has been in business since 1988 and became registered with the SEC in 2012. Riverside’s principal U.S. offices are in New York, New York and Cleveland, Ohio. As of December 31, 2023, Stewart Kohl and Béla Szigethy (together, the “Managing Members”), through intermediate entities, control and are the majority owners of Riverside. As of December 31, 2023, the Advisers managed approximately $14,097,272,498 in client assets on a discretionary basis. All discussions of the Funds in this Brochure, including but not limited to their investments, the strategies used in managing the Funds, the fees and other costs associated with an investment in the Funds and other terms, are qualified in their entirety by reference to each Fund’s respective private placement memorandum (if any) (each, a “Memorandum”) and limited partnership or similar agreement or other governing document (each, a “Partnership Agreement”). Investment advice is provided directly to the Funds, subject to the discretion and control of the applicable Fund’s general partner (collectively “General Partner” or “General Partners”, as context permits), and not individually to the limited partners (each, a “Limited Partner” and collectively, the “Limited Partners”) in the Funds. Services are provided to the Funds in accordance with each Fund’s Partnership Agreement. The information included herein about the Funds and any investment vehicles is not and should not be considered an offer of interests in a Fund. In addition, such information is not an offer of, or agreement to provide, advisory services directly to any recipient. This Brochure is designed solely to provide information about Riverside for the purpose of compliance with certain obligations under the Advisers Act. INVESTORS IN THE FUNDS PARTICIPATE IN THE OVERALL INVESTMENT PROGRAM FOR THE APPLICABLE FUND. THE GENERAL PARTNER HAS ENTERED INTO, AND RIVERSIDE EXPECTS IT TO CONTINUE TO ENTER INTO, SIDE LETTERS OR OTHER SIMILAR AGREEMENTS (“SIDE LETTERS”) WITH CERTAIN INVESTORS THAT ESTABLISH DIFFERENT OR PREFERENTIAL RIGHTS OR TERMS, INCLUDING BUT NOT LIMITED TO, DIFFERENT MANAGEMENT FEES AND CARRIED INTEREST PERCENTAGES, CO- INVESTMENT RIGHTS, THE RIGHT TO BE EXCUSED FROM CERTAIN INVESTMENTS DUE TO LEGAL, REGULATORY, TAX OR OTHER AGREED-UPON CIRCUMSTANCES AND TRANSFER RIGHTS. ALL SUCH RIGHTS AND TERMS ALTER OR SUPPLEMENT THE TERMS OF THE RELEVANT PARTNERSHIP AGREEMENT WITH RESPECT TO SUCH INVESTORS.